1997 SESSION

SUMMARY:

Separate writing identifying recipients of tangible personal property pursuant
to a trust.0 Provides that a separate writing referenced in a trust signed
by the maker which identifies recipients of tangible personal property is valid
to accomplish the distribution desired, whether prepared before or after
execution of the trust instrument or if altered by the maker, even though the
list has no independent significance. The trustee is immunized for making
distribution not in conformance with a list, if he has no actual knowledge that
such a list exists and is under no duty to recover any property so distributed.
A person who should have received property under the list may however, within
one year of the distribution, bring an action against the person who received
the property to recover the property or its value.